Pulte Homes Offers A $99,000 Giveaway
I guess times are tough in the Bay Area. Atleast for Pulte Homes who’s giving away $99,000 incentives if you purchase a home and can close before December 24th, 2006.
Some of the incentives include
* Rolled back pricing
* 100% financing
* Free pool
* No payments for 6 months
* No closing costs
* Free backyard landscaping
* Free window coverings
* Below market interest rates
* No HOA dues for 2 years
* Free Upgrades
& a Free vacation [includes airfair and & 7 night stay] for 2!
Someone sounds desperate to me.
Pity WCI isn’t showing similar weakness. The stock is up 20% from when I bought the puts. Just like I said, all the negative information pushed the stock up. Their cash is 94% less than it was last year and they’ve announced a share buy-back program! Sounds bogus to me. Anyway I bought more puts today.
Here’s a very interesting article on the builders at Rebalancing.blogspot.com
On the worst end you have WCI, with a rapid deterioration of their cash position (93% lower than a year ago), a 461% increase in Q2 borrowings (to $217.8 million) and $43,580,000 spent on share repurchases last quarter. They face huge problems with about half of their revenues historically coming from Florida condo sales and the story is being told in their cash flow statements. Perhaps they are repurchasing shares because they are dumb enough to think their stock is a bargain right now. Perhaps they just want to prop up the share price long enough for insiders to cash out before the collapse.If you found this post helpful, consider donating to my coffee fund!
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
-
Beware The Chinese Stock Market On the front page of todayâs South China Morning Post, thereâs a quote from Li Ka-shing, Asiaâs richest man. As a Chinese, I am worried about the mainland stock market. History shows that any phenomenon whereby shares are priced at 50 to 60 times forward earnings will end in a...... - Why High Gas Prices Don't Matter A lot of poeple have been complaining about the price of gas at the pump. In fact, Congress has enacted an anti-gouging law that provides upto 10 years in jail and upto $150 million in penalties.But my contention is that high gas prices don't make any difference.Gas isn't expensivePeople are......
- Reliance Power: An Indian IPO I'm currently on a short trip to India. For the past 2-3 years, India's economy has been booming. There is construction everywhere and they're building new malls and apartment complexes like crazy. Even though I've been living in the US for the past decade, before that I spent 12 years......
Related Websites
- Dow Jones Industrial Average [/caption] From Wikipedia, the free encyclopedia A recent graph that illustrates a trading range from the mid-7,000 level to the 14,000 level aside from a low in the mid-6000 level in early 2009. Basically, the average traded at or near the 10,000 range for most of the decade. Recent logarithmic......
- Wynn Macau Wynn Macau is one of more the prominent casinos located in the cozy Macau Golden Triangle amongst esteemed neighbors such as the Grand Lisboa, grand old Lisboa Casino, MGM Grand Macau, Galaxy StarWorld and Stanley Ho's newest addition the L'Arch Casino which is due to open on 21 September 2009,......
- How to Get Audible.com’s TV Offer – One Free Audiobook Audible, a service which offers downloadable audio books to consumers, has recently began a television campaign in which viewers can receive a free audio book and thirty days of free service with the following url: audible.com/tvoffer. Users that take advantage of the offer will receive a 30 day free subscription......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply